DENVER—As GlobeSt.com previously reported, Hines revealed plans for a new 40-story office tower in Denver, located at 1144 Fifteenth, between Arapahoe and Lawrence streets. The 640,000-square-foot class A office building will be one of the tallest office buildings in Denver.
In an update to that story, Hines managing director, Jay Despard, says that the property “will set a new standard for Denver's high-rise office space and enhance our city's urban experience.” According to Despard, “It has been nearly three decades since Denver has received an office tower of this size and scale. We strongly believe that the quality and location of this building will be appealing to a wide range of tenants and ultimately, once finished, we feel this will be the premier asset in all of the Rocky Mountain west.”
Designed by the acclaimed architectural firm Pickard Chilton of New Haven, CT, the structure will feature 25,000-square-foot, highly efficient floor plates, 10-foot ceilings on typical floors, floor-to-ceiling glass and the best parking ratio of any high-rise class A office building downtown.
“With all of our equity funding now in place, we are building this project on a purely speculative basis, which is a testament to the strength of the Denver market and our confidence in its future growth,” adds Hines senior managing director, Charles Elder.
According to Elder, the firm plans to own the building for a long time. Hines has been active in the Denver market since 1982 and currently owns and manages more than one million square feet across every major submarket.
The firm has developed 1515 Wynkoop and 1601 Wewatta, mixed-use office and retail buildings in LoDo; Wells Fargo Center, a 50-story office tower in Denver's CBD; 4600 South Syracuse, a 13-story office building in the Denver Tech-Center; and a four-story office building in Broomfield largely leased to GoGo.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
